Basell to sell its position in Taiwan Polypropylene Company Ltd (TPP)
"Basell and its predecessor companies have had an excellent shareholder relationship with TPP for more than three decades," said Ian Dunn, president of Basell International, "and TPP has had a very good track record. The decision to sell was not an easy one, but we believe this path forward is best for the long-term future of TPP. It is also consistent with Basell's strategic intent to focus in areas where we have built advantaged feedstock positions."
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